Renewable energy to grow to new record in 2022
POWER & RENEWABLE ENERGY

Renewable energy to grow to new record in 2022

The world is en route to setting a new record for renewable power capacity this year. This has been led by solar energy in China and Europe, however, as per reports from Paris-based IEA (International Energy Agency), growth could lose steam in 2023.

A record 295 GW of new renewable power capacity has been added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials and an additional 320 GW has been expected to be installed this year, which for comparison is equivalent to the electricity demand of Germany or the European Union's total electricity generation from natural gas. Solar energy will account for 60 per cent of renewable power growth in 2022, ahead of wind and hydropower, according to reports. In the absence of stronger policies, the amount of renewable power capacity added worldwide may plateau in 2023.

The world is en route to setting a new record for renewable power capacity this year. This has been led by solar energy in China and Europe, however, as per reports from Paris-based IEA (International Energy Agency), growth could lose steam in 2023.A record 295 GW of new renewable power capacity has been added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials and an additional 320 GW has been expected to be installed this year, which for comparison is equivalent to the electricity demand of Germany or the European Union's total electricity generation from natural gas. Solar energy will account for 60 per cent of renewable power growth in 2022, ahead of wind and hydropower, according to reports. In the absence of stronger policies, the amount of renewable power capacity added worldwide may plateau in 2023.

Next Story
Infrastructure Urban

Shivraj Singh Chouhan inaugurates ICAR-IIMR admin block in Ludhiana

Union Agriculture Minister Shri Shivraj Singh Chouhan recently inaugurated the administrative building at the Indian Council of Agricultural Research – Indian Institute of Maize Research (ICAR-IIMR) in Ludhiana, Punjab. During the visit, he interacted with maize stakeholders, farmers, rural development scheme beneficiaries, and women self-help group (SHG) members. He said that under the leadership of Prime Minister Narendra Modi, the government’s key goals include boosting foodgrain production, reducing input costs, and improving farmers’ incomes. He highlighted the importance of div..

Next Story
Technology

Google to Build Rs 10,000 Cr Data Centre in Visakhapatnam

In a major boost to India’s digital infrastructure, Google will establish a 1-GW hyperscale data centre and Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The project, valued at Rs 100 billion, is expected to significantly contribute to the state’s economy and create more than 20,000 direct and indirect employment opportunities. Union Minister of State for External Affairs and Education, Dr Pemmasani Chandrasekhar, highlighted that this landmark investment by Google will help position Andhra Pradesh as a prominent digital hub under the “Swarandhra Pradesh” vision. ..

Next Story
Infrastructure Urban

TCIL honoured with HR Excellence Award 2025

Telecommunications Consultants India Limited (TCIL), a Miniratna Schedule ‘A’ PSU under the Department of Telecommunications, has been honoured with the HR Excellence Award at the Fortune Leadership Awards 2025, held at Radisson Blu Plaza, Delhi. The accolade acknowledges TCIL’s outstanding HR practices promoting employee development, innovation, and inclusivity. The award was presented by Dr. Dinesh Upadhyay, Former Member, Ministry of AYUSH, and Shri M. S. Nethrapal, IRS, and received by Shri P. Suresh Babu, CGM (HR), in the presence of distinguished leaders from various sectors. Bet..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?